ACM Research (ACMR) Scheduled to Post Earnings on Friday

ACM Research (NASDAQ:ACMR) is scheduled to announce its earnings results on Friday, April 26th. ACM Research has set its FY 2024 guidance at EPS.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $149.54 million. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, analysts expect ACM Research to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ACM Research Stock Performance

Shares of ACMR stock opened at $28.15 on Thursday. The company has a 50 day moving average price of $27.69 and a 200-day moving average price of $21.37. ACM Research has a 52 week low of $8.75 and a 52 week high of $34.40. The firm has a market capitalization of $1.58 billion, a PE ratio of 24.06 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at ACM Research

In other ACM Research news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the transaction, the director now owns 110,772 shares of the company’s stock, valued at $2,791,454.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other ACM Research news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.36, for a total transaction of $455,400.00. Following the transaction, the director now owns 874,524 shares of the company’s stock, valued at $26,550,548.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy Liu sold 12,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the transaction, the director now directly owns 110,772 shares in the company, valued at approximately $2,791,454.40. The disclosure for this sale can be found here. Insiders have sold 149,434 shares of company stock valued at $4,375,572 over the last 90 days. 33.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACMR shares. Roth Mkm raised their price objective on shares of ACM Research from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Benchmark raised their price objective on shares of ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC raised their price objective on shares of ACM Research from $24.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group raised shares of ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $31.88.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.